Tari’s Ward 4 candidate and more

By: Diane Benjamin Clearly Emig is Tari’s pick for Ward 4, he’s holding an open house at his house for her.  If you aren’t a left winger and want to attend, just show up.  Responding on Facebook will get you blocked. Remember about a year ago when various Council people held “priority based budgeting” townhalls? […]

Bloomington Spiking, VenuWorks, and More

By:  Diane Benjamin Bills and Payroll for Monday:    http://www.cityblm.org/Home/ShowDocument?id=20735 Two more employees are spiking their pensions – this is the penalty charged to taxpayers         When VenuWorks took over management of the Coliseum they wanted to remodel at taxpayer expense.  The City borrowed the money from them for the remodel.  These are […]

Debt: Normal vrs Bloomington

By:  Diane Benjamin As of 3/31/18 Normal had total debt of $89,823,286.  $88,125,000 won’t be paid off until 2041.  Interest rates range from 2.00% to 6.30%. Source As of 4/30/18 Bloomington had total debt of $242,010,034.  $57,095,000 won’t be paid off until 2035.  The interest rates aren’t listed.  $173,646,119 is liabilities for pensions and associated […]

New Years Eve canceled at Arena

By:  Diane Benjamin This event was scheduled last August for New Year’s Eve:     http://www.grossingermotorsarena.com/arena-info/news/article/2018/08/grossinger-motors-arena-to-host-new-years-eve-featuring-hairball The website doesn’t say when or why it as canceled, but it is canceled: https://www1.ticketmaster.com/hairball/event/07005515D35C66E5 A concert is scheduled for January 19th – Old Dominion.   Monster Trucks is coming February 8-10. See upcoming events here:  http://www.grossingermotorsarena.com/events-and-tickets/calendar Hockey doesn’t generate enough money […]

The media won’t report this!

By:  Diane Benjamin Long time readers know the former Coliseum managers would issue their financial statements, and then the auditor would issue theirs.  The media always reported the CIAM numbers but never the audited numbers. Audited losses were much higher! The media is continuing to report fake news because the audited number from VenuWorks aren’t […]

Bloomington taxpayers were scammed

By:  Diane Benjamin Of course a feasibility study was done before the Coliseum was built.  It predicted Revenue of $7.1 million and expenses of $4.8 million.  Operations would easily cover the cost of building it.   https://blnnews.com/2016/02/11/the-tale-of-the-coliseum-tari-a-hotel/ At last night’s Committee of the Whole meeting, VenuWorks stated the arena would never lose LESS than $500,000. Any […]

Bloomington Council tonight

By:  Diane Benjamin The VenuWorks report is not the audited version, it is therefore immaterial.  Time allowed for the presentation is 5 minutes, included will be the fictional economic impact of the arena.  See PDF page 40:   http://www.cityblm.org/Home/ShowDocument?id=19928 Financial information is on PDF page 39.  The loss does not include depreciation on the building which […]